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GMAC Financial Services reported a $10.3 billion net loss for 2009. Of this figure, a $5 billion net loss was recorded in the fourth quarter alone. (more…)
Preliminary figures compiled this week show total factoring volumes in Canada to have increased (more…)
#Accord Financial#Accord Financial Corporation#non-recourse factoring
The Japan Bank for International Cooperation (JBIC) has signed a loan agreement with the Andean Development Corporation (CAF, Corporación Andina…
Sterling Bancorp, parent company of Sterling National Bank, have released their annual figures for 2009, reporting a net interest income…
#acquisition#bank#management
CIT Commercial Finance - erstwhile giant of the US factoring industry and the recognised crown jewels of the CIT portfolio…
The Receivables Exchange, the first online marketplace for real-time trading of accounts receivable, announced this week that it has (more…)
#business finance#cash-flow#management
Bibby Financial Services Inc. has appointed a new managing director of Financial Services (Canada) Inc. (more…)
#cash-flow#commercial finance#financial services
The latest Discover Small Business Watch survey, conducted in December, reported that 51 percent of small businesses have experienced cash…
#bank#cash-flow#small business
Bibby Financial Services announced today that during 2009 it added 650 new clients to its lending book, as small and…
Wells Fargo has completed its record-breaking financial year with a total net income of $12.3 billion a vast improvement from…
CIT Group Plc has announced that its Board of Directors has appointed current board member (more…)
2009 was a watershed year for the commercial finance industry, according to Mike Semanco, President of (more…)
Factorline, Chile's largest factoring company, is predicting a 29% year-on-year asset increase in 2010 as part of an aggressive plan of…